Employees take note! Should you be worried about new TDS deposit rules for employers effective from October 1, 2024?

New income tax laws grant companies extra time to deposit TDS, extending the deadline from 60 to 80 days after the original due date. Companies that fail to deposit the TDS by the return filing deadline will receive immediate prosecution notices. Employees are advised to monitor their Form 26AS for TDS credit validation.

Oct 1, 2024 - 16:00
Employees take note! Should you be worried about new TDS deposit rules for employers effective from October 1, 2024?

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New income tax laws grant companies extra time to deposit TDS, extending the deadline from 60 to 80 days after the original due date. Companies that fail to deposit the TDS by the return filing deadline will receive immediate prosecution notices. Employees are advised to monitor their Form 26AS for TDS credit validation.
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